Colas acquires Conalvias' assets in Peru

Colas acquires Conalvias' assets in Peru

France's Colas said it has acquired Conalvias Construcciones' assets in Peru for an undisclosed amount. The acquisition involves mining infrastructure projects and medium- and long-term road maintenance contracts, Colas said in a press release. The Colombian company's assets in Peru generated €65m ($73.9m) in revenues in 2017, Colas said. "The acquisition is part of Colas' strategy aiming to gain footholds in targeted countries in South America," Colas said. Colas, a subsidiary of the Bouygues G

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